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USDA cut its fourth-quarter 2024 egg production projection from 5 million to 1.98 million dozen after October outbreaks in Utah, Washington and Oregon. Egg production fell 2.6% in September and 1.6% in August from a year earlier.
The American Egg Board estimates about 23 million hens have been lost to bird flu this year.
A sharp cut in projected layer output signals a tighter egg market into the holiday season and possibly into 2025. Lost hen numbers take months to replace, so the price pressure may persist.
newsweek.comJordan KingNov 23, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
